need corrections to red check marks and to part b

The following selected transactions were completed during August of the current year: 1. Billed customers for fees earned, $51,000. 2. Purchased supplies on account, $2,190. 3. Received cash from customers on account, $47,940. 4. Paid creditors on account, $1,330. number to identify the transactions. Cash (3) 65,960 Supplies (2) 1,900 Accounts Receivable (1) 72,960 (3 65,960 Accounts Payable (4) Fees Earned (1) 12,960 C. Assume that the unadjusted trial balance on August 31 shows a credit balance for Accounts Receivable. Does this credit balance mean an error has occurred? Check My Work 1 more Check My Work uses remaining. Previous Next